More from the Minutes

  • sees economy growing around 1% Q1 and Q2
  • sees risks from widening of UK current account
  • sees risks in low euro area inflation
  • near term inflation pressures eased further
  • MPC members “held a range of views” about the extent of employment slack
  • UK recovery building momentum, sees some modest rebalancing

Full Minutes here

GBP took a dip on the initial headlines from the Minutes plus varying views on the amount of slack in the economy but GBPUSD has bounced off 1.6800 again to post 1.6823. Range-bound or what.

Pound overall still on the back foot a little